Hero Innovation Group (XCNQ:HRO) Days Inventory : 0.00 (As of Jun. 2024)

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What is Hero Innovation Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hero Innovation Group's Average Total Inventories for the three months ended in Jun. 2024 was C$0.00 Mil. Hero Innovation Group's Cost of Goods Sold for the three months ended in Jun. 2024 was C$0.01 Mil. Hence, Hero Innovation Group's Days Inventory for the three months ended in Jun. 2024 was 0.00.

The historical rank and industry rank for Hero Innovation Group's Days Inventory or its related term are showing as below:

XCNQ:HRO's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 18.72
* Ranked among companies with meaningful Days Inventory only.

Hero Innovation Group's Days Inventory stayed the same from Jun. 2023 (0.00) to Jun. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Hero Innovation Group's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.00.

Hero Innovation Group Days Inventory Historical Data

The historical data trend for Hero Innovation Group's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hero Innovation Group Days Inventory Chart

Hero Innovation Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

Hero Innovation Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Hero Innovation Group's Days Inventory

For the Software - Infrastructure subindustry, Hero Innovation Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hero Innovation Group's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Hero Innovation Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Hero Innovation Group's Days Inventory falls into.

Hero Innovation Group Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Hero Innovation Group's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.037	*	365
=	0					/	0.037	*	365
=	0.00

Hero Innovation Group's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.009	*	365 / 4
=	0					/	0.009	*	365 / 4
=	0.00

Hero Innovation Group (XCNQ:HRO) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Hero Innovation Group's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.009	/	0
	=

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Hero Innovation Group's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0.043
	=	0.00

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Hero Innovation Group Days Inventory Related Terms

Thank you for viewing the detailed overview of Hero Innovation Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Hero Innovation Group Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.heroinnovationgroup.com

Hero Innovation Group Inc is a financial technology company. The company delivers financial solutions for the next generation of consumers whose parents demand safety, security, and peace of mind while promoting financial literacy for the future. The company's products include Hero financials and SideKick Card.

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